ALT-SALES-PROD Ferndale Company is preparing budgets for 2019. Ferndale estimates that unit sales in January will be 24,000 units, February sales will be 26,000 units, and March sales will be 28,000 units. April sales (in units) will be 32,000, May's sales will be 28,000, and June's sales will be 26,000. July's sales are estimated at 26,000 units. The product is priced at $20.00 per unit. Prepare a Sales Budget for the first 6 months of 2019. SALES BUDGET 2019 JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY UNIT SALES 24,000 26,000 28,000 32,000 28,000 26,000 26,000 PRICE PER UNIT $20.00 $20.00 $20.00 $20.00 $20.00 $20.00 $20.00 SALES REVENUE $480,000 $520,000 $520,000 $640,000 $560,000 $520,000 $520,000 Ferndale wishes to end each month with inventory equal to 25.00% of the following month's sales. The December 2018 inventory was 3,500 units. Prepare a Production budget for the first 6 months of 2019. PRODUCTION BUDGET 2019 JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY UNIT SALES 24,000 26,000 26,000 32,000 28,000 26,000 26,000 + DESIRED ENDING INVENTORY 6,500 7,000 7,000 7,000 6,500 6,500 SUBTOTAL 30,500 33,000 33,000 39,000 34,500 32,500 - BEGINNING INVENTORY 3,500 6,500 6,500 8,000 7,000 6,500 UNITS TO PRODUCE 27,000 26,500 26,500 31,000 27,500 26,000